McKae Properties Real Estate Market Commentary

On this day December 31, 2021, the last day of 2021 it seems prudent to look back and determine the lessons we have learned from the experiences in 2021.  Lord Toynbee stated that History Repeats Itself.  So then, as the Lessons below should be a guide to what will repeat in 2022. I.   70% of buyers have been younger consumers.  This was reflected in their financial ability to escape from metropolitan or highly populated areas.  Covid 19 and the mutants had an impact on future lifestyles.  Superior homes with large spaces and multiple rooms that gave authenticity to their life styles and provided a positive environment for the "work-at-home" attitude. II.  Location and property types and sizes were no longer the only consideration.  An increased knowledge on the importance of achieving more well-being, deeper consciousness, and cultural relevance, that would ultimately empower buyers to make ethical decisions, were important motivations.      This was clearly reflected in the

 When Saul of Tarsus set out on his journey to Damascus the whole known world lay in bondage.  There was one state, and it was Rome.  There was one master for it all, and he was Tiberius Caesar. Everywhere there was civil order, for the arm of the Roman law was long.  Everywhere there was stability, in government and in society, for the centurions saw that it was so. But everywhere there was something else, too.  There was oppression for those who were not friends of Tiberius Caesar.  There was the tax gatherer to take the grain from the fields and the flax from the spindle to feed the legions or fill the hungry treasury from which divine Caesar gave largess to the people.  There was the impressor to find recruits for the circuses.  There were executioners to quiet those whom the Emperor proscribed.  What was a man for but to serve Caesar? There was persecution of men who dared think differently, who heard strange voices or read strange manuscripts.  There was enslavement of men whose

 Serendipity is the "Occurrence and Development of Events by Chance in a Happy or Beneficial Way." This is how the development of Facebook and its growth was established.  At least in the eyes of Facebook.  But there is many professions in which that occurred.  Traders, whether they be stock, bond or commodities; all had their instances of a serendipitous event while in a trading room, on the floor or in the local bar after trading hours.  It is this event that has been centered in large cities or a metropolis; in which the profession was centered. The result is, or was, that the cost of living all expanded to fit the large incomes that the profession provided. Take that and look at Silicon Valley.  Prices have escalated and the cost of living and home prices all went up accordingly.  While there has been a calling of a top and calling for a correction in home prices, it has all been for naught!  Once incomes continue to expand and the related benefits of working in such an a